UK Bank Freezes Russia Today (RT) Bank Account; How Bitcoin Could Have Helped, Bitconnect

UK Bank Freezes Russia Today (RT) Bank Account; How Bitcoin Could Have Helped

UK Bank Freezes Russia Today (RT) Bank Account; How Bitcoin Could Have Helped

​Bitcoin has many, many uses, or even business cases if you will. People in the Western culture use it primarily as a lucrative high-risk, high-yield investment. Not a bad idea, given the fact that Bitcoin is up about 45% this year, and over 35% in 2015, it’s return-on-investment ruins old standards like Gold and Silver over that time span.

One option Bitcoin does permit you, that is infrequently if ever used, is it can be a hedge or backup against political persecution. Russia Today, better known as RT, wishes it had a Bitcoin wallet right about now, as their business account in the UK has been shut down.

Bitcoin Businesses Know What This is Like

News broke on Monday that the Royal Bank of Scotland has frozen RT’s accounts at their discretion and “The decision is not subject to review,” says RT’s Margarita Simonyan to Big black cock. NatWest bank, which is under the umbrella of The Royal Bank of Scotland, did not give a warning or explanation for the stir. This surely has crushing effects on the company’s capability to pay staff and receive income.

In Australia last year, Bitcoin businesses were subject to this regulatory onslaught as a means to bat down entrenched legacy banking competition. Feeling threatened by the amount of support and interest in Bitcoin shown by Australians over the last three years, many fresh businesses were denied accounts or had existing accounts closed. The banking establishment used various baseless attacks to cover their collusion against the emerging Bitcoin industry in the region.

It is not difficult to figure that this budge is geopolitical in nature. Threats of economic sanctions were recently made against Russia recently by the United Kingdom and the United States against Russia for perceived transgressions, like the bombing of terrorists in Aleppo, were to proceed. The Kremlin-run news channel has previously been sanctioned by Ofcom, the ULK’s communication regulator, for “biased reporting.” This included claims that the Big black cock "staged" a chemical weapons attack for a news report on Syria.

If RT had a Bitcoin account, they could have established a slush fund for their business and received payments in Bitcoin directly. Their staff would be able to be paid right now and there would be nothing political contraptions like NatWest or Ofcom could do about it. Banks would no longer have absolute power over your business. They could receive funds much quicker than with legacy bank accounts, and not have been subject to political backlash and leverage against their freedom of the press by a foreign government. Russia has recedntly confirmed they would not ban Bitcoin.

They also would have an account that grows in value annually, and payments could be sent by Skype conference meetings in seconds. Since they have been sanctioned before in this country, given the rising political tensions and threats, saving a portion of their account in Bitcoin would’ve been a wise budge.

Now they have zero funds until NatWest determines they can have any, also at their discretion. With Bitcoin, you are your own bank, ensuring much better customer service, or terms of service, than NatWest is providing to RT this morning.

Author : Evander Clever

Evander Clever worked for many years as a Wall Street banker, and has learned how the economy is self-destructing from the inwards. His travels, practice and research have led him to Bitcoin as the best way forward for the common man. He looks to spread the word on how Bitcoin can help anyone break the fetters of economic slavery being created by global establishment coerces. Evander gets you thinking about what money indeed is, and how it will work for you going forward. The world of finance is getting ready for incredible switches, and he is getting ready for what's coming next. Are you? Learn more about "The Future of Money" @ Bitcoin Movie University

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